Profiles in Tax Cuts: Presidents in Tough Times

President Obama is not the first president to mete out big tax cuts, and he will likely not be the last. Though the White House's extension of the Bush tax cuts are largely viewed by Democrats as too big a compromise, the president defended it on Tuesday, insisting "it's a good deal for the American people." Measured against tax deals of presidents past, Obama's move is in many ways par for the course. History shows that when the going gets tough, the president cuts taxes. Daniel Mitchell, an...Full Story
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